Bitcoin worth the risk for stimulus check recipients despite pressing needs: ...
The next round of stimulus check recipients will prioritize basic needs, but a sizable portion still intends to either save or invest. Most Americans who expect to receive the next round of relief bill stimulus checks will use the money to buy necessities and pay off debts, but some are still willing to invest in cryptocurrencies like Bitcoin (BTC), a new poll reveals.A study conducted by Harris Poll on behalf of Yahoo Finance showed that 15% of people who received the last two rounds of stimulus checks directed some or all of the money towards investments. Of that group, around half....
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People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000. A Twitter account named “$1200 Stimulus Is Now Worth” has been tracking how much the first US $1200 stimulus would be worth if you invested in Bitcoin when the funds were sent out from April 15, 2020. The passing of the first $1200 stimulus bill in April last year corresponded with a huge bull run in the cryptocurrency and stock markets. Bitcoin was sitting at $6,848 on April 15, and if you had invested the $1200 stimulus then it would now be worth $10,211 at today's prices of....
The $600 stimulus check invested in BTC last week would have made you $75 better off already, data shows. Americans who received their second coronavirus stimulus checks on Dec. 29 have already gained 12% — if they invested it in Bitcoin (BTC).As the United States government rolls out another round of “free” money to eligible residents, attention is fixed on how many will choose to invest their $600 in cryptocurrencies.April stimulus recipients now have $5,600The handouts began last week and are expected to be completed by Jan. 15. According to a dedicated monitoring resource, those who....
Your $1,200 stimulus check would be worth over $11,000 today if you’d bought Bitcoin with it in April 2020.
Your $1,200 stimulus check would be worth around $8,765 today if you’d bought Bitcoin with it in April 2020.
A timely reinvestment of $3,200 worth of stimulus checks into Bitcoin would return a total profit of $4,514 (nearly 71%) by the end of October. An average American taxpayer received three rounds of stimulus checks from the United States government as a means to reignite the economy by increasing consumers’ spending potential. For many, this meant an opportunity to invest in Bitcoin (BTC).A Cointelegraph report from Aug. 26 shows that 11% of the respondents between the ages of 18 to 34 reinvested a part of their stimulus checks into cryptocurrencies. Adult Americans that reinvested the....